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  • Profile photo of Matt McLeanMatt McLean
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    @matt-mclean1
    Join Date: 2015
    Post Count: 4
    January 15, 2016 - 11:55 am

    Thanks Terry. Does the ATO scrutinise your ‘intention’ closely? I’ve been told if your intention is to build and sell for a profit then the 50% discount may not be applicable. If you build with the intention of renting but change your mind as soon as its completed and sign a contract to sell (more than 12 months after signing the land contract) you will remain eligible for the discount?

    Matt McLean | Rams Home Loans
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    Profile photo of Matt McLeanMatt McLean
    Participant
    @matt-mclean1
    Join Date: 2015
    Post Count: 4
    November 24, 2015 - 11:17 pm

    Great thread guys. Keep it alive and the comments coming. Are you finding much capital growth in the northern suburbs properties other than as a result of the renovations?

    Corey, would you be able to share what renovations you completed in your example above where you spent $10k and had the $35k+ equity gain?

    Looking forward to continue chatting with the Adelaide locals.

    Matt McLean | Rams Home Loans
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    Profile photo of Matt McLeanMatt McLean
    Participant
    @matt-mclean1
    Join Date: 2015
    Post Count: 4
    November 8, 2015 - 10:06 pm

    The LVR definitely doesn’t sound right. A lot of Lenders have pulled back to 80% with recent investment lending changes but a still a few offering LVR’s around 90-95%.

    Matt McLean | Rams Home Loans
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